we have introduced the origin of major bank regulators and regulations, have discussed innovations in fintech, the challenge of moral malleability and the constructive use of derivatives to hedge bank risk. The common theme throughout the semester has been moral hazard in banks.

Question 1: How is Moral Hazard dealt with differently in the United States vs European Union? (50 to 100 words excluding references)

Question 2: How is Moral Hazard deal with differently in the United States vs (choose one) U.K. or China? (50 to 100 words excluding references)